8-K Announcements
6Mar 27, 2026·SEC
Mar 3, 2026·SEC
Mar 2, 2026·SEC
HA Sustainable Infrastructure Capital, Inc. (HASI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HA Sustainable Infrastructure Capital, Inc. (HASI) stock price & volume — 10-year historical chart
HA Sustainable Infrastructure Capital, Inc. (HASI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
HA Sustainable Infrastructure Capital, Inc. (HASI) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.67vs $0.66+1.5% | $115Mvs $106M+8.4% |
| Q4 2025 | Nov 6, 2025 | $0.80vs $0.69+15.9% | $228Mvs $29M+692.1% |
| Q3 2025 | Aug 7, 2025 | $0.60vs $0.62-3.2% | $86Mvs $44M+94.7% |
| Q2 2025 | May 7, 2025 | $0.64vs $0.64+0.0% | $185Mvs $39M+373.4% |
HA Sustainable Infrastructure Capital, Inc. (HASI) competitors in Sustainable infrastructure specialty finance — business model, growth, and fundamentals comparison
HA Sustainable Infrastructure Capital, Inc. (HASI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HA Sustainable Infrastructure Capital, Inc. (HASI) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -3.25M | -939K | 11.96M | 3.38M | -5.12M | 37M | 56.05M | 47.48M | -6.04M |
| NII Growth % | -167.84% | 71.06% | 1373.59% | -71.76% | -251.73% | 822.13% | 51.46% | -15.28% | -112.72% |
| Net Interest Margin % | -0.14% | -0.04% | 0.5% | 0.1% | -0.12% | 0.78% | 0.86% | 0.67% | -0.07% |
| Interest Income | 62.23M | 75.94M | 76.2M | 95.56M | 116.58M | 152.56M | 227.05M | 289.85M | 286.36M |
| Interest Expense | 65.47M | 76.87M | 64.24M | 92.18M | 121.7M | 115.56M | 171.01M | 242.36M | 292.4M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -290.84M |
| Non-Interest Income | 66.05M | 85.62M | 129.56M | 139.31M | 223.01M | 118.47M | 233.79M | 341.63M | 114.14M |
| Non-Interest Income % | 51.49% | 53% | 62.97% | 59.31% | 65.67% | 43.71% | 50.73% | 54.1% | 28.5% |
| Total Revenue | 128.28M▲ 0% | 161.56M▲ 25.9% | 205.75M▲ 27.4% | 234.87M▲ 14.2% | 339.59M▲ 44.6% | 271.03M▼ 20.2% | 460.85M▲ 70.0% | 631.47M▲ 37.0% | 400.5M▼ 36.6% |
| Revenue Growth % | 46.92% | 25.95% | 27.36% | 14.15% | 44.59% | -20.19% | 70.04% | 37.03% | -36.58% |
| Non-Interest Expense | 30.88M | 40.74M | 51.5M | 62.71M | 73.38M | 106.18M | 107.46M | 115.28M | 133.72M |
| Efficiency Ratio | 24.08% | 25.22% | 25.03% | 26.7% | 21.61% | 39.18% | 23.32% | 18.26% | 33.39% |
| Operating Income | 31.92M▲ 0% | 43.94M▲ 37.7% | 90.02M▲ 104.9% | 79.98M▼ 11.2% | 144.5M▲ 80.7% | 49.29M▼ 65.9% | 182.38M▲ 270.0% | 273.83M▲ 50.1% | 265.22M▼ 3.1% |
| Operating Margin % | 24.88% | 27.2% | 43.75% | 34.05% | 42.55% | 18.19% | 39.57% | 43.36% | 66.22% |
| Operating Income Growth % | 114.27% | 37.66% | 104.85% | -11.15% | 80.68% | -65.89% | 270% | 50.14% | -3.14% |
| Pretax Income | 31.92M▲ 0% | 43.94M▲ 37.7% | 90.02M▲ 104.9% | 79.98M▼ 11.2% | 144.5M▲ 80.7% | 49.29M▼ 65.9% | 182.38M▲ 270.0% | 273.83M▲ 50.1% | 273.48M▼ 0.1% |
| Pretax Margin % | 24.88% | 27.2% | 43.75% | 34.05% | 42.55% | 18.19% | 39.57% | 43.36% | 68.29% |
| Income Tax | 885K | 2.14M | 8.1M | -2.78M | 17.16M | 7.38M | 31.62M | 70.2M | 85.25M |
| Effective Tax Rate % | 2.77% | 4.88% | 8.99% | -3.47% | 11.87% | 14.97% | 17.34% | 25.64% | 31.17% |
| Net Income | 30.86M▲ 0% | 41.58M▲ 34.7% | 81.56M▲ 96.2% | 82.42M▲ 1.0% | 126.58M▲ 53.6% | 41.5M▼ 67.2% | 148.84M▲ 258.6% | 200.04M▲ 34.4% | 184.55M▼ 7.7% |
| Net Margin % | 24.05% | 25.74% | 39.64% | 35.09% | 37.27% | 15.31% | 32.3% | 31.68% | 46.08% |
| Net Income Growth % | 110.59% | 34.75% | 96.18% | 1.04% | 53.59% | -67.21% | 258.62% | 34.4% | -7.74% |
| Net Income (Continuing) | 31.04M | 41.8M | 81.92M | 82.76M | 127.35M | 41.91M | 150.76M | 203.63M | 188.24M |
| EPS (Diluted) | 0.57▲ 0% | 0.75▲ 31.6% | 1.24▲ 65.3% | 1.10▼ 11.3% | 1.51▲ 37.3% | 0.45▼ 70.2% | 1.42▲ 215.6% | 1.62▲ 14.1% | 1.41▼ 13.0% |
| EPS Growth % | 78.13% | 31.58% | 65.33% | -11.29% | 37.27% | -70.2% | 215.56% | 14.08% | -12.96% |
| EPS (Basic) | 0.57 | 0.75 | 1.25 | 1.13 | 1.57 | 0.47 | 1.45 | 1.72 | 1.49 |
| Diluted Shares Outstanding | 50.36M | 52.78M | 64.77M | 74.37M | 87.67M | 90.61M | 109.47M | 130.5M | 138.18M |
HA Sustainable Infrastructure Capital, Inc. (HASI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 57.27M | 21.42M | 6.21M | 286.25M | 226.2M | 155.71M | 62.63M | 129.76M | 145.22M |
| Cash & Due from Banks | 57.27M | 21.42M | 6.21M | 286.25M | 226.2M | 155.71M | 62.63M | 129.76M | 145.22M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 673.82M | 640.84M | 498.63M | 1.28B | 1.76B | 1.87B | 2.97B | 3.61B | 4.19B |
| Investments Growth % | 59.92% | -4.9% | -22.19% | 156.63% | 37.51% | 6.25% | 58.65% | 21.78% | 16.05% |
| Long-Term Investments | 673.82M | 640.84M | 498.63M | 1.28B | 1.76B | 1.87B | 2.97B | 3.61B | 4.19B |
| Accounts Receivables | 0 | 0 | 1.16B | 1.21B | 1.45B | 2.08B | 3.11B | 2.97B | 3.69B |
| Goodwill & Intangibles | 94M | 96M | 0 | 0 | 87M | 84M | 14M | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 94M | 96M | 0 | 0 | 87M | 84M | 14M | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1.48B | 1.42B | 722.83M | 679.26M | 629.3M | 575.47M | 400.26M | 366.7M | 156.82M |
| Total Current Assets | 1.07B | 1B | 1.17B | 1.5B | 1.67B | 2.23B | 3.17B | 3.1B | 3.84B |
| Total Non-Current Assets | 2.25B | 2.15B | 1.22B | 1.96B | 2.48B | 2.53B | 3.38B | 3.98B | 4.35B |
| Total Assets | 2.25B▲ 0% | 2.15B▼ 4.2% | 2.39B▲ 10.8% | 3.46B▲ 44.9% | 4.15B▲ 19.9% | 4.76B▲ 14.7% | 6.55B▲ 37.7% | 7.08B▲ 8.1% | 8.19B▲ 15.6% |
| Asset Growth % | 28.88% | -4.23% | 10.78% | 44.9% | 19.93% | 14.75% | 37.65% | 8.06% | 15.65% |
| Return on Assets (ROA) | 1.54% | 1.89% | 3.59% | 2.82% | 3.33% | 0.93% | 2.63% | 2.93% | 2.42% |
| Accounts Payable | 25.64M | 36.51M | 54.35M | 59.94M | 88.87M | 120.11M | 163.31M | 275.64M | 0 |
| Total Debt | 1.43B | 1.24B | 1.39B | 2.19B | 2.49B | 2.98B | 4.25B | 4.4B | 5.08B |
| Net Debt | 1.37B | 1.22B | 1.39B | 1.9B | 2.27B | 2.82B | 4.18B | 4.27B | 4.93B |
| Long-Term Debt | 1.43B | 1.24B | 1.39B | 2.19B | 2.49B | 2.98B | 4.25B | 4.4B | 5.06B |
| Short-Term Debt | 66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M |
| Other Liabilities | 178.95M | 110.61M | 0 | 0 | 0 | 0 | 0 | 0 | 453.7M |
| Total Current Liabilities | 24.55M | 34.51M | 54.35M | 59.94M | 88.87M | 120.11M | 163.31M | 275.64M | 15M |
| Total Non-Current Liabilities | 1.61B | 1.35B | 1.39B | 2.19B | 2.49B | 2.98B | 4.25B | 4.4B | 5.52B |
| Total Liabilities | 1.61B | 1.35B | 1.45B | 2.25B | 2.58B | 3.1B | 4.41B | 4.68B | 5.53B |
| Total Equity | 642.78M▲ 0% | 804.52M▲ 25.2% | 939.91M▲ 16.8% | 1.21B▲ 28.8% | 1.57B▲ 29.4% | 1.66B▲ 6.3% | 2.14B▲ 28.6% | 2.41B▲ 12.3% | 2.66B▲ 10.5% |
| Equity Growth % | 11.92% | 25.16% | 16.83% | 28.75% | 29.45% | 6.27% | 28.65% | 12.3% | 10.51% |
| Equity / Assets (Capital Ratio) | 28.57% | 37.33% | 39.37% | 34.98% | 37.76% | 34.97% | 32.68% | 33.97% | 32.46% |
| Return on Equity (ROE) | 5.07% | 5.75% | 9.35% | 7.67% | 9.12% | 2.57% | 7.82% | 8.8% | 7.29% |
| Book Value per Share | 12.76 | 15.24 | 14.51 | 16.27 | 17.87 | 18.37 | 19.56 | 18.43 | 19.23 |
| Tangible BV per Share | 10.90 | 13.42 | 14.51 | 16.27 | 16.88 | 17.45 | 19.44 | 18.43 | 19.23 |
| Common Stock | 517K | 605K | 663K | 765K | 853K | 908K | 1.12M | 1.19M | 1.28M |
| Additional Paid-in Capital | 770.98M | 965.38M | 1.1B | 1.39B | 1.73B | 1.92B | 2.38B | 2.59B | 2.85B |
| Retained Earnings | -131.25M | -163.21M | -169.79M | -204.11M | -193.71M | -285.47M | -303.54M | -297.5M | -323.07M |
| Accumulated OCI | -1.06M | -1.68M | 0 | 0 | 9.9M | -10.4M | 13.16M | 40.1M | 47.08M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
HA Sustainable Infrastructure Capital, Inc. (HASI) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 11.72M | 58.79M | 29.49M | 73.28M | 13.31M | 230K | 99.69M | 5.85M | 226.73M |
| Operating CF Growth % | -79.39% | 401.78% | -49.84% | 148.51% | -81.84% | -98.27% | 43243.04% | -94.13% | 3774.45% |
| Net Income | 31.04M | 41.8M | 81.92M | 82.76M | 127.35M | 41.91M | 150.76M | 203.63M | 182.63M |
| Depreciation & Amortization | 3.55M | 4.53M | 3.59M | 3.58M | 3.8M | 3.99M | 3.13M | 1M | 780K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -19.2M | -7.1M | -43.49M | 3.2M | -106.26M | 14.52M | -110.11M | -192.28M | -12.45M |
| Working Capital Changes | -3.67M | 19.57M | -12.54M | -16.26M | -11.58M | -60.19M | 55.92M | -6.5M | 55.77M |
| Cash from Investing | -297.88M | 50.8M | -201.14M | -831.65M | -703.4M | -592.11M | -1.99B | -131.19M | -915.24M |
| Purchase of Investments | -254.93M | -101.66M | -197.93M | -926.05M | -406.69M | -140.22M | -883.82M | -407.15M | -518.5M |
| Sale/Maturity of Investments | 8.18M | 41.1M | 227.15M | 70.94M | 14.78M | 8.72M | 0 | 14.86M | 0 |
| Net Investment Activity | -246.75M | -60.56M | 29.23M | -855.1M | -391.91M | -131.5M | -883.82M | -392.29M | -518.5M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -51.13M | 111.36M | -230.37M | 23.45M | -311.49M | -460.61M | -1.11B | 261.1M | -396.75M |
| Cash from Financing | 345.2M | -168.42M | 218.88M | 962.12M | 630.84M | 516.78M | 1.79B | 200.41M | 683.58M |
| Dividends Paid | -68.23M | -70.99M | -86.41M | -99.87M | -113.51M | -132.2M | -159.79M | -192.27M | -209.78M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8.39M |
| Stock Issued | 96.9M | 187.26M | 138.38M | 298.07M | 200.64M | 188.88M | 492.38M | 203.53M | 236.74M |
| Net Stock Activity | 96.9M | 187.26M | 138.38M | 298.07M | 200.64M | 188.88M | 492.38M | 203.53M | 228.34M |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | -150.18M | -88.59M | -37.72M | -32.46M | -45.88M | -24.79M | -18.2M | 16.14M | -51.83M |
| Net Change in Cash | 59.03M▲ 0% | -58.82M▼ 199.6% | 47.23M▲ 180.3% | 203.75M▲ 331.4% | -59.26M▼ 129.1% | -75.1M▼ 26.7% | -100.89M▼ 34.3% | 75.08M▲ 174.4% | -4.93M▼ 106.6% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 59.14M | 118.18M | 59.35M | 106.59M | 310.33M | 251.07M | 175.97M | 75.08M | 150.16M |
| Cash at End | 118.18M | 59.35M | 106.59M | 310.33M | 251.07M | 175.97M | 75.08M | 150.16M | 145.22M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 11.72M▲ 0% | 58.79M▲ 401.8% | 29.49M▼ 49.8% | 73.28M▲ 148.5% | 13.31M▼ 81.8% | 230K▼ 98.3% | 99.69M▲ 43243.0% | 5.85M▼ 94.1% | 226.73M▲ 3774.5% |
| FCF Growth % | -79.39% | 401.78% | -49.84% | 148.51% | -81.84% | -98.27% | 43243.04% | -94.13% | 3774.45% |
HA Sustainable Infrastructure Capital, Inc. (HASI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 2.91% | 5.07% | 5.75% | 9.35% | 7.67% | 9.12% | 2.57% | 7.82% | 8.8% | 7.29% |
| Return on Assets (ROA) | 0.91% | 1.54% | 1.89% | 3.59% | 2.82% | 3.33% | 0.93% | 2.63% | 2.93% | 2.42% |
| Net Interest Margin | 0.27% | -0.14% | -0.04% | 0.5% | 0.1% | -0.12% | 0.78% | 0.86% | 0.67% | -0.07% |
| Efficiency Ratio | 31.12% | 24.08% | 25.22% | 25.03% | 26.7% | 21.61% | 39.18% | 23.32% | 18.26% | 33.39% |
| Equity / Assets | 32.9% | 28.57% | 37.33% | 39.37% | 34.98% | 37.76% | 34.97% | 32.68% | 33.97% | 32.46% |
| Book Value / Share | 14.25 | 12.76 | 15.24 | 14.51 | 16.27 | 17.87 | 18.37 | 19.56 | 18.43 | 19.23 |
| NII Growth | -61.77% | -167.84% | 71.06% | 1373.59% | -71.76% | -251.73% | 822.13% | 51.46% | -15.28% | -112.72% |
| Dividend Payout | 337.71% | 221.14% | 170.74% | 105.94% | 121.17% | 89.68% | 318.53% | 107.36% | 96.12% | 113.67% |
HA Sustainable Infrastructure Capital, Inc. (HASI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 27, 2026·SEC
Mar 3, 2026·SEC
Mar 2, 2026·SEC
HA Sustainable Infrastructure Capital, Inc. (HASI) stock FAQ — growth, dividends, profitability & financials explained
HA Sustainable Infrastructure Capital, Inc. (HASI) saw revenue decline by 36.6% over the past year.
Yes, HA Sustainable Infrastructure Capital, Inc. (HASI) is profitable, generating $184.5M in net income for fiscal year 2025 (46.1% net margin).
Yes, HA Sustainable Infrastructure Capital, Inc. (HASI) pays a dividend with a yield of 3.53%. This makes it attractive for income-focused investors.
HA Sustainable Infrastructure Capital, Inc. (HASI) has a return on equity (ROE) of 7.3%. This is below average, suggesting room for improvement.
HA Sustainable Infrastructure Capital, Inc. (HASI) has a net interest margin (NIM) of -0.1%. NIM has been under pressure due to interest rate environment.
HA Sustainable Infrastructure Capital, Inc. (HASI) has an efficiency ratio of 33.4%. This is excellent, indicating strong cost control.
HA Sustainable Infrastructure Capital, Inc. (HASI) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates